Dycom Industries (NYSE:DY) Issues Q2 2026 Earnings Guidance

Dycom Industries (NYSE:DY - Get Free Report) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.740-3.050 for the period, compared to the consensus estimate of 2.800. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Dycom Industries also updated its FY 2026 guidance to EPS.

Dycom Industries Stock Performance

Shares of NYSE DY traded up $1.76 during mid-day trading on Monday, hitting $225.97. 793,240 shares of the company were exchanged, compared to its average volume of 415,188. The stock has a 50 day simple moving average of $168.44 and a 200-day simple moving average of $174.80. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $228.66. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27.

Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.62 by $0.47. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The business's revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $2.12 EPS. On average, sell-side analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

Dycom Industries declared that its board has initiated a stock buyback program on Wednesday, February 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. B. Riley raised their price target on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a report on Friday. KeyCorp decreased their target price on shares of Dycom Industries from $201.00 to $183.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company increased their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, DA Davidson increased their target price on shares of Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $236.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dycom Industries stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,726 shares of the construction company's stock after buying an additional 4,985 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.24% of Dycom Industries worth $10,622,000 at the end of the most recent reporting period. 98.33% of the stock is currently owned by institutional investors.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.